GMM 0.00% 65.5¢ general mining corporation limited

Question about buying more, page-7

  1. 2,767 Posts.
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    If you want to de-risk, just pick a good day, and buy GXY directly..

    As for the wider market, it's not really a factor... as our informed GMM shareholders will be making up their own minds, not a bunch of numpties investing in the latest XTV fad or IoT venture.. effectively gambling, trying to turn a 1c share into 2c... good thing they have no influence on a merger like this.

    The only part the 'market' plays is that the pundits will hopefully see this as an extremely positive merger, that simplifies things for the market going forward, that means stability, more investment, much higher overall market cap, nearly $900M... by comparison, PLS is $769.19M

    Straight to ASX 200 in pretty short order, and the larger institutional investors await.
 
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